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International Business Times
International Business Times
Business
AFP News

US Fed Should Be Patient As Rate Cuts Considered: Official

US Federal Reserve United States Mary Daly the US Federal Reserve San Francisco Fed
San Francisco Fed President Mary Daly said the central bank should "resist the temptation to act quickly" (Credit: AFP)

The US Federal Reserve should "resist the temptation to act quickly" as it contemplates the right time to begin interest rate cuts, a senior bank official said Friday.

"The economy is healthy, price stability is within sight, and there is more work to do," San Francisco Fed President Mary Daly told a conference in Washington.

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